PagerDuty Target of Unusually Large Options Trading (NYSE:PD)

PagerDuty (NYSE:PD) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 13,737 put options on the company. This is an increase of 794% compared to the typical volume of 1,536 put options.

Analysts Set New Price Targets

PD has been the subject of several research reports. Wall Street Zen raised PagerDuty from a “hold” rating to a “buy” rating in a research note on Sunday. Canaccord Genuity Group dropped their price target on shares of PagerDuty from $19.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada cut their price target on shares of PagerDuty from $9.00 to $8.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Bank of America initiated coverage on shares of PagerDuty in a research report on Tuesday, December 2nd. They set an “underperform” rating and a $12.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PagerDuty in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.40.

PagerDuty Stock Performance

Shares of NYSE PD opened at $6.32 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $536.65 million, a price-to-earnings ratio of 3.43, a PEG ratio of 2.88 and a beta of 0.73. The stock’s fifty day simple moving average is $8.20 and its 200 day simple moving average is $12.37. PagerDuty has a 52-week low of $6.15 and a 52-week high of $19.68.

PagerDuty (NYSE:PD) last announced its earnings results on Thursday, March 12th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. PagerDuty had a return on equity of 16.29% and a net margin of 35.30%.The business had revenue of $124.79 million during the quarter, compared to the consensus estimate of $122.96 million. During the same period in the prior year, the business posted $0.22 earnings per share. PagerDuty’s revenue was up 2.7% compared to the same quarter last year. PagerDuty has set its Q1 2027 guidance at 0.230-0.250 EPS and its FY 2027 guidance at 1.230-1.280 EPS. As a group, sell-side analysts forecast that PagerDuty will post -0.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dan Alexandru Solomon sold 266,667 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $13.35, for a total value of $3,560,004.45. Following the sale, the director owned 2,389,665 shares of the company’s stock, valued at approximately $31,902,027.75. The trade was a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

Institutional Trading of PagerDuty

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of PagerDuty by 252.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the company’s stock worth $27,000 after acquiring an additional 1,149 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $59,000. State of Alaska Department of Revenue purchased a new stake in shares of PagerDuty in the 3rd quarter valued at approximately $67,000. KBC Group NV boosted its stake in PagerDuty by 89.5% in the 4th quarter. KBC Group NV now owns 4,402 shares of the company’s stock worth $58,000 after purchasing an additional 2,079 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in PagerDuty in the 4th quarter worth approximately $68,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

About PagerDuty

PagerDuty, Inc engages in the operation of a digital operations management platform in the United States and internationally. The company’s digital operations management platform collects data and digital signals from virtually any software-enabled system or device and leverage machine learning to correlate, process, and predict opportunities and issues. Its platform includes PagerDuty Incident Management that provides a real-time view across the status of a digital service while incorporating noise reduction to remove false positives; AIOps that applies machine learning to correlate and automate the identification of incidents from billions of events; Process Automation offers centralized design time and run time environment for orchestrating automated workflows that span across departments, technologies, and networks; Customer Service Operations, which is offered to orchestrate, automate, and scale responses to customer impacting issues.